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Home under the hammer

Posted: Tue Jan 18, 2022 8:26pm
0 replies16 views1 member subscribed
Ron Squire

Posts: 4

Joined: 10 Jan 2022

Selling Home:

Looking to sell my dads house by auction

Using the latest auction system - "selling with a respectable reserve"

Apparently, there are 2 standards of auction in Spain

Old Standard:

Stage #1 - Auction with a reserve - no sale

Stage #1 - Guide price is reduced by 25% - still no sale

Stage #1 - No guide price 

(this stage clearly encourages prospective bidders to wait to bid from scratch) 

New Standard:  (preferred)

Auction with a reserve

So, my question is, does anyone know of the auctioneers in Spain that puts "homes under the hammer” so to speak.

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